The Rebirth of the Financial Hegemon

In the office.

Zhao Jiangchuan was sitting on the main seat talking and laughing.

His face is very young, and he has a calm demeanor that doesn't match his face at all.

The mixed temperament gives him a unique temperament.

His tone was flat.

It seemed like he was telling a story that had nothing to do with him.

Opposite Zhao Jiangchuan, George Jin was already stunned.

He could hardly believe what his ears were hearing.

Every word Zhao Jiangchuan said was like a hammer hitting his chest.

As for Zhang Xiaolei, the new executive director of Standard Chartered Hong Kong.

This woman, who appears to be capable and calm, is even worse.

Her face turned pale.

I don’t know when there were dense beads of sweat on my forehead.

Some of the short hair on the temples were wet with sweat.

But Zhang Xiaolei seemed not to notice.

Outside, the cold wind began to howl again, and the goose-feather-like universities began to flutter and fall again.

But no one paid attention to the heavy snow outside.

Zhao Jiangchuan smiled and said nothing, gently picked up a cup of coffee and tasted it slowly.

The coffee was brewed by Ouyang Lan, and it suited Zhao Jiangchuan's taste.

Mellow, no sugar added.

Zhao Jiangchuan's movements were very elegant.

So elegant that those words just now didn't sound like he said them at all.

George Jin had complicated eyes as he continued to savor everything Zhao Jiangchuan had just said.

Zhang Xiaolei recovered from the shock with difficulty.

But the trembling and fear still made it difficult for her to control herself.

The main factor that dominates the price of goods is the relationship between supply and demand.

This is a basic logical relationship in economics.

With the Thai baht overvalued, it is impossible to maintain a fixed exchange rate under this unbreakable logical relationship.

There is an irreconcilable contradiction between the two.

When this contradiction amplifies, the Bank of Thailand has only two options.

Take the initiative to liberalize the fixed exchange rate system or reduce the amount of money issued.

You can only choose one of the two.

However, due to various factors and face issues, the Bank of Thailand chose to continue to maintain the fixed exchange rate system.

In this case, the Bank of Thailand can only passively choose to shrink the amount of currency.

The money given out is like the water poured out to marry off the daughter.

It's not that simple to take it back.

It is impossible for a government to ask people to voluntarily hand over their Thai baht.

It is impossible for the people to voluntarily hand over their Thai baht.

what to do?

Serve cold.

After eight years of development, the Thai stock market has grown to a large scale.

In terms of on-site transactions alone, there are hundreds of billions of baht worth of transactions every day.

House prices have increased dozens of times in the past ten years.

In these two markets alone, a large amount of Thai baht has been deposited.

No matter what system the country is under.

The capital market and real estate industry are beyond the reach of ordinary working people.

People who can play with capital, invest in real estate, invest in stocks, and buy houses.

Those driving up the Thai stock market and real estate industry include wealthy Thai businessmen, international capital, and the middle class.

These people are very rich.

No one is truly poor.

These people are relatively wealthy.

Without money, it is impossible to dare to speculate.

One thing is the same for every country in the world.

Rich people love to immigrate.

Only rich people will exchange Thai baht for US dollars.

If these bahts are evaporated and flowed back to the central bank, if these bahts disappear from the market.

The Bank of Thailand's foreign exchange pressure will inevitably be greatly reduced.

When the amount of currency injected is reduced, the supply and demand relationship will change. Only when the supply and demand relationship changes, can the Thai baht's fixed exchange rate system be maintained.

Ten years of economy, twenty years of the future and a century of national destiny.

The Bank of Thailand simply has no choice.

….

Thailand, Bangkok.

Inside the stock exchange.

Under Liu Qiang's command, the traders' hands were tapping quickly on the keyboard.

Thailand Telecom, sold 100,000 lots….

After a sell order of 100,000 lots was placed, a hook was created in the upward trend of Thailand Telecom.

Immediately afterwards, large sums of thousands of sell orders came out in droves.

Soon, the small buy orders of three lots and five lots were swallowed up by the sudden emergence of sell orders in the market.

In just two minutes, Thailand Telecom's gains fell by 5%.

at the same time.

Dongfang Electric Power has also been severely suppressed.

In a sale order of 200,000 lots, Dongfang Electric's increase was slashed by 2%.

This 2% drop is like opening a gap.

Countless sell orders follow randomly.

Ten thousand lots, sold.

Ten lots, five lots, buy.

Five thousand lots sold.

Buy in three lots or thirty lots.

Soon, the buy orders were plunged into a sea of ​​sell orders.

Almost in a flash.

Several heavyweight stocks such as Thai Petroleum and Bank of Thailand all saw massive selling.

Under the overwhelming selling, the prices of these stocks began to plunge wildly.

The SET index closed at 988 points in the morning.

Five minutes after the market opened in the afternoon, it was hit 950 points in the diving of all major weights.

960 support failed.

This inverted support, like a thin piece of paper, can easily be broken down under the pressure of weight.

"SET plus short 100,000 hands..."

"Thai Power, first break through the 5-day line support..."

"Thai Oil, wipe out all buying orders."

On the trading floor.

Liu Qiang commanded in an orderly manner.

However, there was excitement on his face that could not be concealed.

Under Liu Qiang's command, the named stocks will fall sharply.

The feeling of raping the market gave him an indescribable pleasure.

That pleasure was simply more enjoyable than fucking ten women.

When he thought of countless retail investors being raped in the market, he simply couldn't contain his excitement.

Because Jushi Asset Management has invested 120 billion baht in the market.

After splitting 80 billion, it already has a high degree of control over the six heavyweight stocks it holds.

When the largest main force began to maliciously smash the market, no one in the market could take on such terrifying selling.

Soon, the stocks that had risen by about 15% in the morning were reduced to only 5%.

The SET index of the Thai stock market also fell from a high of 988 points to 933 points.

Financial markets are interconnected and conductive.

In the rapid diving of the large-cap SET index, some small-cap and mid-cap stocks also followed suit and plunged crazily.

Among them, mid-cap stocks Chiang Mai Electromechanical and Southeast Hi-tech even swallowed up all the gains of the day.

As for some small-cap stocks, the situation is even worse.

More than a dozen small-cap stocks were plunged into decline due to the sharp decline in the market.

"Why did you suddenly dive?"

"It's probably a washout. It's normal to have a washout after a few days of rising prices."

"Finally we're down, this is a chance to get on the bus."

"No, it was so strong some time ago that I was scared to death. Fortunately, I waited for a few days and now I can buy it at a lower price."

In the business departments of major securities companies, Thai investors gathered together to exchange their views on the market.

Unfortunately, no one knew the nightmare that awaited them.